earnings
confidence high
sentiment positive
materiality 0.70
Clearway Energy Q3 Net Income $27M; raises dividend 1.7%; guides 2025 CAFD $400-440M
Clearway Energy, Inc.
- Q3 2024 Net Income $27M, Adjusted EBITDA $354M, CAFD $146M.
- Signed agreement to invest $155M in 500 MW solar+storage project Pine Forest, expected COD in 2025.
- Received offer for 320 MW storage hybridization project (Honeycomb Phase 1) for ~$85M, subject to negotiation.
- Reaffirmed 2024 CAFD guidance $395M; initiated 2025 CAFD guidance midpoint $420M (range $400-$440M).
- Quarterly dividend increased 1.7% to $0.4240/share; payable Dec 16, record Dec 2.